British Airways Expands Fleet with Boeing and Airbus Mega Orders
The U.S. announced that Britain will purchase $10 billion of Boeing jets, with British Airways owner IAG also ordering 30 jets from Airbus. This expansion highlights the competitive dynamics between Boeing and Airbus and reflects broader trade tensions affecting the aviation industry.
In a significant transatlantic trade development, the United States confirmed on Thursday that Britain will buy $10 billion worth of Boeing jets. This announcement was made by U.S. Commerce Secretary Howard Lutnick during the revealing of a bilateral trade deal between the two nations.
Industry insiders have revealed that IAG, the parent company of British Airways, is also set to order around 30 jets from Europe's Airbus. The strategic move underscores the competitive dynamics between Boeing and Airbus as they vie for influence in the aviation sector.
As a major player in the industry, IAG's decisions are closely monitored by airlines worldwide. The impending orders come amid global trade tensions which have led the European Union to consider tariffs on U.S. goods, including Boeing jets, should trade negotiations falter. These aircraft orders reflect the broader challenges planemakers face amid supply chain issues and changing economic conditions.
(With inputs from agencies.)
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